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The slowing regional growth is due to China, which has seen its exports fall due to economic weakness across the developed nations that are its primary customers.
India has a global monopoly, meeting 80% of world demand even with harvests that have never exceeded 1.5 million tonnes. Currently, production is down 20% while demand from oil industry is up 84%. This imbalance has triggered unusual greed and panic.
American manufacturers are focused on investment, expansion and job creation. One important way to do this is by expanding their customer base. And, with 95 percent percent of the world’s population outside the United States, it is not surprising that American companies are looking at markets outside the United States. More business translates into more jobs and stronger companies.